|
15. EMPLOYEE BENEFIT PLANS
|
|
|
U.S.-Pension Benefits
Three Months Ended
June 30, |
|
Foreign-Pension Benefits
Three Months Ended
June 30, |
|
|
(US$ in millions) |
|
2011 |
|
2010 |
|
2011 |
|
2010 |
|
|
Service cost |
|
$ |
4 |
|
$ |
4 |
|
$ |
2 |
|
$ |
1 |
|
|
Interest cost |
|
6 |
|
6 |
|
2 |
|
8 |
|
|
Expected return on plan assets |
|
(6 |
) |
(6 |
) |
(2 |
) |
(10 |
) |
|
Amortization of net loss (gain) |
|
1 |
|
1 |
|
— |
|
— |
|
|
Net periodic benefit cost |
|
$ |
5 |
|
$ |
5 |
|
$ |
2 |
|
$ |
(1 |
) |
|
|
|
U.S.-Pension Benefits
Six Months Ended
June 30, |
|
Foreign-Pension Benefits
Six Months Ended
June 30, |
|
|
(US$ in millions) |
|
2011 |
|
2010 |
|
2011 |
|
2010 |
|
|
Service cost |
|
$ |
8 |
|
$ |
7 |
|
$ |
4 |
|
$ |
2 |
|
|
Interest cost |
|
13 |
|
12 |
|
3 |
|
20 |
|
|
Expected return on plan assets |
|
(13 |
) |
(12 |
) |
(3 |
) |
(23 |
) |
|
Amortization of prior service cost |
|
1 |
|
1 |
|
— |
|
— |
|
|
Amortization of net loss (gain) |
|
2 |
|
2 |
|
— |
|
— |
|
|
Net periodic benefit cost |
|
$ |
11 |
|
$ |
10 |
|
$ |
4 |
|
$ |
(1 |
) |
|
|
|
U.S.-Postretirement
Healthcare Benefits
Three Months Ended
June 30, |
|
Foreign-Postretirement
Healthcare Benefits
Three Months Ended
June 30, |
|
|
(US$ in millions) |
|
2011 |
|
2010 |
|
2011 |
|
2010 |
|
|
Service cost |
|
$ |
— |
|
$ |
— |
|
$ |
— |
|
$ |
1 |
|
|
Interest cost |
|
— |
|
1 |
|
3 |
|
3 |
|
|
Amortization of prior service cost |
|
— |
|
— |
|
— |
|
(1 |
) |
|
Amortization of net loss (gain) |
|
— |
|
— |
|
— |
|
1 |
|
|
Net periodic benefit cost |
|
$ |
— |
|
$ |
1 |
|
$ |
3 |
|
$ |
4 |
|
|
|
|
U.S.-Postretirement
Healthcare Benefits
Six Months Ended
June 30, |
|
Foreign-Postretirement
Healthcare Benefits
Six Months Ended
June 30, |
|
|
(US$ in millions) |
|
2011 |
|
2010 |
|
2011 |
|
2010 |
|
|
Service cost |
|
$ |
— |
|
$ |
— |
|
$ |
1 |
|
$ |
1 |
|
|
Interest cost |
|
1 |
|
1 |
|
5 |
|
6 |
|
|
Amortization of prior service cost |
|
— |
|
— |
|
(1 |
) |
(1 |
) |
|
Amortization of net loss (gain) |
|
— |
|
— |
|
1 |
|
1 |
|
|
Net periodic benefit cost |
|
$ |
1 |
|
$ |
1 |
|
$ |
6 |
|
$ |
7 |
|
In the six months ended June 30, 2011, Bunge made contributions of approximately $2 million and $7 million to its U.S. and foreign defined benefit pension plans, respectively. In the six months ended June 30, 2010, Bunge made contributions totalling approximately $1 million and $8 million to its U.S. and foreign defined benefit pension plans, respectively.
In the six months ended June 30, 2011, Bunge made contributions of approximately zero and $5 million to its U.S. and to its foreign postretirement benefit plans, respectively. In the six months ended June 30, 2010, Bunge made contributions totalling approximately $1 million and $4 million to its U.S. and to its foreign postretirement benefit plans, respectively. |